phillytechnews twitterfeed 7/29 to 7/30/2102

phillytechnews: Mike Trout is ridiculous. Who to compare to? Posted: 30 Jul 2012 07:06 PM PDT phillytechnews: Mike Trout is ridiculous. Who to compare to?

phillytechnews: @josemallabo I should remember that, because I think I had Park on my fantasy team at the time- no fun Posted: 30 Jul 2012 06:25 PM PDT phillytechnews: @josemallabo I should remember that, because I think I had Park on my fantasy team at the time- no fun

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Daily Links 7/30/2012: Quality Systems (NextGen Healthcare parent) director lashes out at company

LeadiD Secures $1.7 Million in Funding Led By Genacast Ventures (PR Web)

Comcast to charge $10 for 50 GB to subscribers who bust data cap (FierceCable)
Starting in Nashville.

Twitter Suspended a Critic of NBC For Sharing NBC Executive's Email (The Atlantic Wire)

Earnings Preview: Comcast to report 2Q earnings Wednesday (AP via Business Week)

Quality Systems director lashes out at company (MarketWatch)
See my post on Quality Systems from last week.

SAP's Ugly (ByDesign) Baby Gets Prettier (Information Week)

SAP offers free mobile SDK, partner program to push mobile development (SearchSAP)

Unisys and VCE Team to Deliver Secure, Easily Managed Cloud Infrastructure
Unisys Secure Private Cloud Solution available on VCE(TM) Vblock(TM) Systems (PR Newswire via MarketWatch)

Oracle Buys Xsigo To Boost Cloud Prowess (Information Week)

Lokadot Announces Philadelphia Arts and Cultural Organizations Embracing Its Location-based Audio Platform for Smartphones (PR Web)

Club Tech's festival brings young digital minds to Philadelphia (Philadelphia Daily News)



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Philly Tech People News 7/29/2012: Brian Monihan promoted to president of Comcast SportsNet Philadelphia

Brian Monihan promoted to president of Comcast SportsNet Philadelphia (Philly Ad Club News)

Netflix names former Warner exec its permanent CMO (paidContent)

NBC's Salke Expands Role to Oversee Universal TVEntertainment president takes on responsibility of studio (Broadcasting & Cable)

Software AG Appoints John Johnson as President of its U.S. Operations (Business Wire via MarketWatch)

Empathy Labs adds and promotes several to handle account growth (Philly Ad Club News)

AMETEK Names Robert J. Vogel Vice President & General Manager -- Thermal Management Systems (PR Newswire)

Thomas M. Montgomery Named Vice President - Planning & Analysis for AMETEK (PR Newswire)

HIT Application Solutions Announces New Vice President of Consulting Services (PR Newswire)

Digital Agency Local Wisdom Appoints Tom Gebauer Associate Director User Experience (PR Web)

GrayHair Software adds Industry Experts Jeff Stangle and Adam Collinson to its team (Business Wire)

Gary Giannetti Named Vice President of Information Technology for Member Solutions (PR Web)

Deacom Continues Its Upward Momentum with New Additions to Its Sales & Marketing Team (PR.com)

NBC 10 Philadelphia names Sarah Glover Social Media editor (Philly Ad Club News)





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Google Fiber Is The Most Disruptive Thing The Company's Done Since Gmail (Silicon Alley Insider) Behind eBay’s Comeback (New York Times) No mention of GSI Commerce. Two Philadelphia entrepreneurs offer a cheaper way to remit money to Latin America (Philadelphia Inquirer) Comcast authentication rates soar for London Games (Sports Business Daily)

Apple Officials Said to Consider Stake in Twitter (New York Times: Bits)

Comcast to spend $170M on 'Awesome' Xfinity branding campaign (FierceCable)
Trying to explain what Xfinity means to consumers.

Retrans Stars at Cable Act Hearing
Few fireworks as Senate Commerce begins legislative 'conversation' with focus on retrans (Broadcasting & Cable)

SAP 'committed' to long-term China innovation, growth (ZDNet)

Human Error Cited in Hosting.com Outage (Data Center Knowledge)

QlikTech jumps 18% after earnings announcement; Europe concerns remain

Tom Paine

Radnor-based BI software vendor QlikTech saw its shares jump 18% today after announcing its 2nd quarter earnings yesterday afternoon. The increase probably was due to the fact that QlikTech got most of the bad news out of the way earlier this month when it lowered its forecast for the quarter, and that its outlook for the second half of 2012 looks somewhat stronger.

Revenue rose 16% to $85.8 million, while the GAAP net loss was $2 million, down from $2.7 million a year ago. The company said revenue grew 24% year-over-year on a constant currency basis. During its earnings conference call, QlikTech CEO Lars Björk pinned the bulk of the slowdown on Europe, which accounts for 57% of total revenue. On a constant currency basis, revenue from Europe increased 20% over the prior year period, compared to 30% in the Americas and 32% from the rest of the world. Management cited an "abrupt" change in European purchasing behavior in the last two weeks of the quarter. Björk said he saw little change in competitive or pricing pressures.

QlikTech now has 26,000 customers, and employment continues to grow as the company now has 1306 employees, a 35% increase from one year ago. QlikTech says its plan is to continue hiring (as you can see on the company's job board here), although in response to a question later in the conference call Björk did say that a slower hiring pace is something that might be considered. Initiatives highlighted included QlikTech' acquisition of Expressor Software (no numbers given), the development of QlikMarket (its third-party app marketplace) and QlikTech' joining Google's Cloud Platform partner program. I sensed a little uncertainty or cautiousness in Björk's comments on QlikMarket although he says the launch is still planned for this year, and CFO Bill Sorenson said they hadn't seen too much demand for BI in the Cloud, which may make one wonder how important the Google Cloud partnership is for QlikTech. Björk also mentioned QlikTech's expanding partnership with Deloitte Consulting. Although QlikTech says more of its revenue is coming from larger accounts, it said it closed 86 deals in excess of $100,000 versus 104 in the quarter a year ago.

Revenue guidance for the third quarter is in the range of $87.0 million to $90.0 million, and for the full year guidance is in the range of $376.0 million to $386.0 million, an increase of about 19% over 2011 at the midpoint of the range. Non-GAAP operating income is expected to be in the range of $42 million to $47 million, a 12% non-GAAP operating margin at the midpoint.

QlikTech (NASDAQ: QLIK) closed today at $20.78, and has a market cap of just under $1.8 billion. Its shares are off about 30% over the past three months.



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Daily Links 7/27/2012: NBC exec calls London Olympics 'grand experiment'

Why is Verizon in bed with Time Warner and Comcast? (LA Times)

Bernstein Research Skeptical of Google TV
Firm Not Convinced Kansas City Overbuild Can Attract Enough Customers to Turn Profit Without Subsidies (Multichannel News)

NBC Sports Chairman Lazarus: London Olympics are a ‘grand experiment’ (paidContent)


Unisys Wins $139M For IRS Info Cloud; Ted Davies Comment (GovConWire)

In New Jersey, Modules Bloom Along the Turnpike (Data Center Knowledge)

SAP’s Business ByDesign numbers still stuck on 1,000 (SAP Watch)

Amazon CFO 'doesn't see a way to do same-day delivery (The Verge)
I guess that pretty much rules out "Amazon Yesterday Shipping".



Aereo CEO Explains Why the Service Should Not Be Considered a Threat to Broadcasters (TV Week)



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phillytechnews twitterfeed 7/24 to 7/25/2012

phillytechnews: RT @jshanley: Google pushing out Panda 3.9 tonight : http://t.co/hnlrWkyn Posted: 25 Jul 2012 05:37 PM PDT phillytechnews: RT @jshanley: Google pushing out Panda 3.9 tonight : http://t.co/hnlrWkyn

phillytechnews: Daily Links 7/25/2012: Tennis Channel gets fault call over Comcast from FCC http://t.co/VJJVB1zs Posted: 25 Jul 2012 03:40 PM PDT

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NextGen Healthcare parent Quality Systems falls 33% on earnings shortfall

Tom Paine

Quality Systems, Inc., the Orange County, California-based corporation which derives over 90% of its revenue from Horsham-based EHR (electronic healthcare record) provider NextGen Healthcare, had been a high-flying stock, with its shares lifted higher by the potential of the federal subsidy program designed to push healthcare practices to adopt EHRs and achieve the magical "meaningful use" designation. That picture had been deteriorating for a while, though, and today fell to earth as Quality pulled its full-year outlook after a below expectations beginning to its fiscal year. Quality (NASDAQ:QSII) closed the day down 33%. It shares are down 64% over the past year, and its market cap is now under $1 billion down from around $3 billion at its peak.

Quality Systems said today that its profit in its April-June quarter fell 18 percent to $15.5 million, or 26 cents per share, while sales rose 18 percent to $118.3 million. Software sales fell 11 percent to $25.8 million, but Reuters cites analysts who believe some software revenue may have been pulled in from the next quarter, understating the extent of the decline. Analysts differed on whether some of its problems were specific to Quality or due to more generic industry issues, but some believe Quality could be losing market share to competitors such as Cerner Corp and Athenahealth Inc.

Quality's CEO, Steven Plochocki, told the Wall Street Journal that most of the company's shortfall could be attributed to three big deals that failed to close in the quarter.

Board member and dissident shareholder Ahmed D. Hussein, who has been battling Chairman of the Board Sheldon Razin for years, is mounting a proxy contest to support the election of his seven board nominees at Quality's annual shareholder meeting to be held in mid-August, and issued a letter on that subject yesterday. Among his nominees is the well-respected Partrick B. Cline, who co-founded Clinitec, which grew to become NextGen Healthcare. Cline retired as President of Quality Systems at the end of 2011.



Related:
FRIDAY, JULY 29, 2011: Quality Systems, QlikTech earnings reports


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Twitter down?

Twitter has been inaccessible, for me anyway, for about the past hour. Can't tweet about it, unfortunately.

Update 1:02 pm: Twitter still down,

Daily Links 7/26/2012: ICG takes majority position in Channel Intelligence; Google puts toe in Cable biz?

Safeguard Scientifics Announces Second Quarter 2012 Financial Results
Partner Companies Continue to Build Momentum; 2012 Revenue Guidance Increased (Business Wire)

ICG Announces Consolidation of Channel Intelligence
Achieves Significant Strategic Milestone by Adding Channel Intelligence as Fourth Platform (Globe Newswire)

ICG Announces Second Quarter Financial Results
Company Reports Record Revenue and Raises Guidance for 2012 (Globe Newswire)

QlikTech Announces Second Quarter 2012 Financial Results
Total revenue of $85.8 million increases 16% year-over-year and 24% on a constant currency basis (Business Wire)

Google Gets Into the Cable TV Business, for Real (All Things D)

Verizon is Willfully Driving DSL Users Into the Arms of Cable
Verizon's Plan: Kill DSL, Kill Unionized Labor, Raise Prices (Broadband Reports)

Roku Raises $45 Million From News Corp., BSkyB, Others
Over-the-Top Set-Top Maker Says New Relationships Include Business Agreements (Multichannel News)

ThingWorx Powers First Cloud-Based Smart Agriculture Solution (Business Wire)



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